J. M. Smucker (NYSE:SJM) Stock Price Breaks Above Two Hundred Day Moving Average - What's Next?

Key Points

• J. M. Smucker shares broke above their 200-day moving average, reaching $123.09 and last trading near $120.64, compared with a 200-day average of $110.09.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $136.25 price target. The company also exceeded quarterly expectations, reporting $3.24 in EPS versus the $2.22 consensus and revenue growth of 5% year over year.
• Smucker increased its quarterly dividend to $1.12, equating to a 3.7% annualized yield, while two insiders recently sold shares; institutional investors own 81.66% of the company.

Shares of The J. M. Smucker Company (NYSE:SJM - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $110.09 and traded as high as $123.09. J. M. Smucker shares last traded at $120.6360, with a volume of 982,346 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of J. M. Smucker from $123.00 to $136.00 and gave the company a "hold" rating in a research report on Thursday, August 27th. Bank of America lifted their target price on shares of J. M. Smucker from $130.00 to $132.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th. Weiss Ratings upgraded shares of J. M. Smucker from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 26th. Sanford C. Bernstein increased their price target on shares of J. M. Smucker from $137.00 to $157.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of J. M. Smucker from $125.00 to $139.00 and gave the stock an "overweight" rating in a research report on Friday, August 14th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $136.25.

J. M. Smucker Stock Down 0.3%

The stock has a fifty day moving average price of $122.58 and a two-hundred day moving average price of $110.09. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 56.37, a P/E/G ratio of 1.63 and a beta of 0.27. The company has a quick ratio of 0.35, a current ratio of 0.87 and a debt-to-equity ratio of 1.11.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The company reported $3.24 EPS for the quarter, beating the consensus estimate of $2.22 by $1.02. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. J. M. Smucker's revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 earnings per share. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. As a group, sell-side analysts expect that The J. M. Smucker Company will post 10.71 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were given a $1.12 dividend. The ex-dividend date was Friday, August 14th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. J. M. Smucker's dividend payout ratio (DPR) is presently 209.35%.

Insider Activity at J. M. Smucker

In related news, CFO Tucker Marshall sold 18,482 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $132.05, for a total transaction of $2,440,548.10. Following the sale, the chief financial officer owned 38,699 shares of the company's stock, valued at $5,110,202.95. This represents a 32.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Ferguson sold 2,522 shares of the firm's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $132.41, for a total value of $333,938.02. Following the transaction, the insider owned 36,295 shares in the company, valued at approximately $4,805,820.95. This trade represents a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its position in J. M. Smucker by 36.3% during the first quarter. Royal Bank of Canada now owns 168,591 shares of the company's stock valued at $16,258,000 after purchasing an additional 44,935 shares in the last quarter. Castleark Management LLC acquired a new stake in shares of J. M. Smucker in the 1st quarter valued at $5,746,000. Janus Henderson Group PLC boosted its holdings in shares of J. M. Smucker by 165.5% in the 1st quarter. Janus Henderson Group PLC now owns 47,117 shares of the company's stock valued at $4,545,000 after purchasing an additional 29,373 shares in the last quarter. Delta Global Management LP bought a new position in shares of J. M. Smucker in the 1st quarter valued at $1,951,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of J. M. Smucker in the 1st quarter valued at $4,071,000. Institutional investors own 81.66% of the company's stock.

About J. M. Smucker

The J. M. Smucker Company is a food and beverage manufacturer headquartered in Orrville, Ohio. Founded in 1897 by Jerome Monroe Smucker, the company began with apple butter and has expanded into a diversified portfolio of branded consumer products sold primarily through retail and foodservice channels.

Its offerings include coffee products under brands such as Folgers, Café Bustelo and Dunkin' packaged coffee; fruit spreads and related products under the Smucker's brand; peanut butter and other foods under Jif; and frozen handheld snacks under the Uncrustables brand.

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